Financial News · Live Terminal

Ballard Power Systems Agrees to Acquire UK's GeoPura; Shares Decline Pre-Bell

Ballard Power Systems (BLDP) said Tuesday it has signed a definitive agreement to acquire UK-based hydrogen-based energy company GeoPura for an upfront equity purchase price of 275 million British pounds ($363.4 million).The company said the amount will be funded with a combination of 82.5 million British pounds in cash, as well as issuing approximately 50.8 million Ballard shares to GeoPura shareholders at $5.02 per share.Ballard said it will also pay contingent consideration of up to 27.5 million British pounds if GeoPura meets certain financial milestones after the deal closes.It added that the total transaction enterprise value, including assumption of GeoPura's net debt and excluding contingent consideration, is 301.1 million British pounds.Shares of Ballard Power Systems were down nearly 6% pre-bell.

$BLDP

LM Funding America Expands Into AI, High-Performance Computing Infrastructure; Shares Fall Pre-Bell

LM Funding America (LMFA) is entering the high-performance computing and AI infrastructure space, leveraging its Bitcoin mining power for GPU computing use, the company said Tuesday.The company said it has placed orders for AI GPU servers for its Oklahoma site and is offering available power capacity at both its Oklahoma and Mississippi facilities for AI hosting and colocation services.LM Funding said it is leveraging 26 megawatts of owned power infrastructure, with roughly 22 megawatts dedicated to Bitcoin mining, and is considering further capacity expansion and additional acquisitions.Shares of the company were down over 22% in premarket activity Tuesday.Price: $0.15, Change: $-0.043, Percent Change: -22.20%

$LMFA

QuidelOrtho Appoints Micah Young Chief Financial Officer

QuidelOrtho (QDEL) said Tuesday it appointed Micah Young as chief financial officer, effective July 6, while outgoing finance chief Joseph Busky will continue to work in an advisory capacity.Young most recently served as executive vice president and chief financial officer at Masimo, the company said.Shares of the company were down 3.3% in Tuesday premarket trading.

$QDEL

HeartSciences to Merge With Digital Asset Mining Platform Fortitude; Shares Rise Pre-Bell

HeartSciences (HSCS) said Tuesday it has agreed to merge with digital mining company Fortitude Mining in an all-stock deal.Under the agreement, Fortitude's sole shareholder, Digital Currency Group, will own approximately 95% of the combined company on a fully diluted basis at closing.The combined company is expected to trade on the Nasdaq Capital Market under the ticker symbol "TUDE."Upon closing, the combined company will operate under the Fortitude brand and be led by Fortitude's current management team. HeartSciences Chief Executive Officer Andrew Simpson will oversee the healthcare business.The merger is expected to close in H2.HeartSciences shares were up more than 70% in Tuesday pre-bell activity.Price: $3.06, Change: $+1.23, Percent Change: +70.08%

$HSCS

Primoris Services Cuts 2026 Earnings Outlook, COO Jeremy Kinch Steps Down; Shares Fall After-Hours

Primoris Services (PRIM) said late Monday its chief operating officer, Jeremy Kinch, is departing from the company, effective immediately.Also, Primoris expects lower revenue and gross profit for 2026, primarily driven by its Renewables business, as cost overruns and delays were identified, according to a statement.For 2026, the company now expects adjusted EPS of $2.05 to $2.60, down from the prior outlook of $4.80 to $5.00. Analysts polled by FactSet expect $4.85.Shares of Primoris Services were down more than 32% in after-hours activity.

$PRIM

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Top Cryptocurrencies Mixed; Bitcoin Holds Above $64,000

Top cryptocurrencies were mixed on Monday, with Bitcoin (BTC-USD) holding above the $64,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.5% in the past 24 hours. The Nasdaq 100 fell 0.4%, the S&P 500 lost 0.5%, and the Dow Jones Industrial Average rose 0.2%.Bitcoin gained 0.3% at $64,253, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 90.9% to $27.24 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 0.2% to $1,729.XRP (XRP-USD) fell 1.3%, BNB (BNB-USD) was down 0.1%, and Solana (SOL-USD) dropped 2.3%. Dogecoin (DOGE-USD) fell 1.2%, and Cardano (ADA-USD) decreased 2.2%.The US 10-year Treasury yield stood at 4.509% at 3 p.m. ET Monday, up from 4.445% Thursday, while the five-year yield rose to 4.288% from 4.218%.The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $2.2 trillion, and trading volume increasing 58.2% to $71.98 billion.Price: $64373.36, Change: $+1131.10, Percent Change: +1.79%

Market Chatter: Tesla Fatal Texas Home Crash Under Federal Investigation

Tesla (TSLA) is facing a special crash investigation by the National Highway Traffic Safety Administration after a Model 3 slammed into a house near Houston last week, killing one person, the Wall Street Journal reported Monday, citing the auto-safety regulator.The driver told law enforcement he was using Tesla's automated driving assistance system when the crash occurred, according to a statement by the Harris County Sheriff's Office, the media outlet added.Tesla and NHTSA did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $405.21, Change: $+4.72, Percent Change: +1.18%

$TSLA

Sector Update: Energy Stocks Rise Late Afternoon

Energy stocks were rising late Monday afternoon, with the NYSE Energy Sector Index adding 0.9% and the State Street Energy Select Sector SPDR ETF (XLE) advancing 1.3%.The Philadelphia Oil Service Sector Index was up 0.7%, and the Dow Jones US Utilities Index rose 0.5%.Oil prices fell after reports that Iran has agreed with the US to allow international nuclear inspectors back into the country. US Vice President JD Vance said Monday that Iran agreed to admit inspectors from the International Atomic Energy Agency in the country, according to media reports.Front-month West Texas Intermediate crude oil fell 2.1% to $74.27 a barrel, and the global benchmark Brent crude contract dropped 2.9% to $78.26 a barrel. Henry Hub natural gas futures advanced 0.5% to $3.25 per 1 million BTU.In corporate news, ConocoPhillips (COP) shares gained 1.8% after Roth Capital Partners upgraded the stock to buy from neutral and raised its price target to $130 from $124.Chevron (CVX) has agreed to build a power plant in West Texas to supply electricity to a data center operated by Microsoft (MSFT) as part of a 20-year power purchase deal. Chevron shares rose 0.7%.BP (BP) and Eni's (E) joint venture Azule Energy approved the development of the Greater PAJ offshore oil project in Angola, Reuters reported, citing comments from company and government officials at a signing ceremony. BP and Eni shares added 1.7% and 1.1% respectively.Petrobras (PBR) shares rose 1.4%. The company said Friday its board approved a final investment decision for a biorefining project with an investment of about $1.2 billion at its Presidente Bernardes refinery in Sao Paulo state.

$BP$COP$CVX$E$PBR

Ford Motor Negotiates Work Contracts With Unifor

Ford Motor (F) is in contract negotiations with Unifor that is seeking higher pay and retirement benefits for its members, the Canadian union said in a Sunday statement.The negotiations are taking place at the Sheraton Centre Toronto with a July 10 deadline to reach a tentative agreement, according to a statement.The union stated that the negotiations are taking place when US tariffs on Canada-manufactured vehicles and components have created uncertainty for autoworkers and automakers.Ford did not immediately respond to a request for comment from.Price: $13.97, Change: $-0.09, Percent Change: -0.64%

Omnicom Media, Netflix to Collaborate on AI-Powered Ad Creatives

Omnicom (OMC) and Netflix (NFLX) agreed to a collaboration that combines Omnicom Media's Acxiom audience intelligence with Netflix's artificial intelligence-powered advertising technology, the companies said on Monday.The collaboration enables allows clients to use Netflix's AI-enabled ad format with Acxiom insights to create and measure campaigns according to viewers' habits, according to a statement.Financial details related to the agreement were not disclosed.Price: $72.22, Change: $+0.87, Percent Change: +1.22%

$NFLX$OMC

United Airlines Launches Starlink Wi-Fi on First Widebody Transatlantic Flight

United Airlines (UAL) has launched Starlink Wi-Fi on its first widebody transatlantic flight from Newark/New York to London, the airline said Monday, as it expands the satellite internet provider's services across its fleet.The company expects to install Starlink on nearly 60 widebody aircraft this year and plans to outfit its entire widebody fleet by summer 2027.More than 400 United planes already feature Starlink, and the airline intends to equip about 1,000 aircraft with the service by the end of this year.Price: $119.37, Change: $+1.05, Percent Change: +0.89%

$UAL

Accenture's Fiscal Q3 Earnings Beat Offset by Weaker-Than-Expected Bookings, UBS Says

Accenture's (ACN) fiscal Q3 earnings per share beat and capital return were offset by weaker-than-expected bookings and moderate growth amid ongoing market volatility, UBS Securities said.Bookings declined to $19.3 billion from $19.7 billion a year earlier. The company raised the low end of its fiscal 2026 EPS guidance to $13.78 to $13.90 from $13.65 to $13.90. Furthermore, it lowered the high end of its revenue growth guidance to 3% to 4% from 3% to 5%, according to the note Thursday.Free cash flow guidance was unchanged at $10.8 billion to $11.5 billion and capital return was raised to at least $9.5 billion from about $9.3 billion.Accenture reported a majority stake in Dragos and acquired runZero and NetRise for about $4.18 billion earlier this month. UBS said the deals increase the company's fiscal 2026 inorganic contribution to $9 billion from $5 billion.UBS forecasts fiscal Q4 EPS at $3.24, compared with Street consensus of $3.28.UBS has a buy rating on Accenture with a price target of $320.Shares of the company fell nearly 7% in late Monday afternoon trading.Price: $119.53, Change: $-8.45, Percent Change: -6.60%

$ACN

TE Connectivity Shares Fall After Evercore ISI Downgrade

TE Connectivity (TEL) shares fell 2.5% on Monday after Evercore ISI downgraded the stock to inline from outperform, and cut its price target to $230 per share from $260.Trading volume stood at nearly 1.4 million shares compared with a daily average of over 2.6 million.Price: $212.14, Change: $-5.51, Percent Change: -2.53%

$TEL

Cleveland-Cliffs Shares Fall After Morgan Stanley Downgrade

Cleveland-Cliffs (CLF) shares fell 3.7% on Monday after Morgan Stanley downgraded the stock to equalweight from overweight and adjusted its price target to $12.50 per share from $12.Trading volume stood at nearly 9.3 million shares compared with a daily average of over 17.8 million.Price: $11.83, Change: $-0.46, Percent Change: -3.71%

$CLF

ConocoPhillips Shares Higher After Roth Capital Upgrade

ConocoPhillips (COP) shares were up about 1.5% in Monday trading after Roth Capital Partners upgraded the stock to buy from neutral and raised its price target to $130 from $124.Trading volume stood at more than 3.8 million shares, against a daily average of roughly 8.3 million.Price: $109.36, Change: $+1.62, Percent Change: +1.50%

$COP

Teradyne Robotics, Vention Report Collaboration

Teradyne's (TER) Teradyne Robotics and Vention said Monday they are collaborating to speed up the design and deployment of robot cells by leveraging Vention's digital twin technology optimized for the Universal Robots platform.The collaboration will help Teradyne Robotics' customers with solution design and demonstrations, the companies said.Price: $448.85, Change: $+10.93, Percent Change: +2.49%

$TER